USD/JPY 92.51 - 11 May 2010
USD/JPY Open 93.18 High 93.50 Low 91.51 Close 93.29

Dollar/Yen traded with increase on Monday, in converse the Interbank sentiment at around -25%. Yesterday the currency couple appreciated from 91.51 to 93.50, closing the day at 93.29. Today the currency couple resumed declining, and on the 1 hour chart the downward trend may also be renewed in the medium term. Break above the nearest 93.50 resistance and yesterday's top would support further recovery of the Dollar. Immediate support is yesterday's bottom at 91.51, and consistent break bellow it could strengthen the Yen further towards next objective 90.11. There are no major economic events for Japan today. Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The values of the RSI and CCI indicators are negative and declining, while MACD is neutral and calm on the 1 hour chart, giving overall light bearish signals.Technical resistance levels: 93.50 94.92 96.00Technical support levels: 91.51 90.11 89.00

Trading range: 92.65 - 92.00Trend: DownwardSell at 92.51 SL 92.81 TP 92.11

Already made +49 pips profit on USD/JPY today from the following signal:5:35 GMT+1 Sell USD/JPY at 92.81 SL 93.07 TP 92.31 exit at 7:20 GMT+1.Total today +198, on Friday +181, as shown in details at